Compulsory Purchase & Goodwill Business Valuation Expert Witness
Compulsory purchase and land compensation claims may include loss of business goodwill, loss of profits during relocation, and the capital value of an extinguished business under the Land Compensation Act 1973.
Where a business cannot be relocated, expert witnesses value the entire capital value including goodwill, fixtures, and equipment. Disturbance claims require analysis of reasonable relocation costs and profit loss during the transition period.
Evidence is given in the Upper Tribunal (Lands Chamber) and before acquiring authorities at inquiry. Valuation methodology draws on maintainable earnings and market evidence for goodwill in the relevant trade.
Common questions
- How is business value assessed in compulsory purchase proceedings?
- Under the Land Compensation Act 1973, claimants may recover disturbance compensation including loss of goodwill, loss of profits during relocation, and the cost of relocating the business. Where the business cannot be relocated (extinguishment), the entire capital value of the business may be claimable. Expert witnesses value the goodwill and lost profits on both bases.
- What is the Upper Tribunal (Lands Chamber)?
- The Upper Tribunal (Lands Chamber) is the specialist tribunal for disputed compensation in compulsory purchase and other land-related disputes. Business valuation expert witnesses give evidence there on goodwill, loss of profits, and the capital value of extinguished businesses.
Next step
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